Skip to main content

Full text of "American Petroleum Institute Tax Return for 2005"

See other formats


See a Social Security Number? Say Something! 

Report Privacy Problems to https://public.resource.org/privacy 

Or call the IRS Identity Theft Hotline at 1-800-908-4490 



e/3 
o 
> 

z 
z 
m 
o 



CO 

0*2 



Form 



990 



Department of the Treasury 
Internal Revenue Service 



Return of Organization Exempt From Income Tax 

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung 
benefit trust or private foundation) 

► The organization may have to use a copy of this return to satisfy state reporting requirements. 



OMB No. 1545-0047 



>©05 



A For the 2005 calendar year, or tax year beginning 

B Check if applicable, 



l~l Name change 
I I Initial return 
l~] Final return 
I I Amended return 
l~l Application pending 



Please 
use IRS 



print or 
type. 
See 
Specific 
Instruc- 
tions. 



, 2005, and ending 



Open to Public 
Inspection 



,20 



C Name of organization 
American Petroleum Institute 



Number and street (or P O box if mail is not delivered to street address) 
1220 L Street, NW, Suite 900 



Room/suite 



City or town, state or country, and ZIP + 4 
Washington, DC 20005 



• Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable 
trusts must attach a completed Schedule A (Form 990 or 990-EZ). 



G Website: ► www.api.org 



J Organization type (check only one) ► 501(c) ( 6 ) ■* (insert no) D 4947(a)(1) or □ 527 



K Check here ► |~| if the organization's gross receipts are normally not more than $25,000 The 
organization need not file a return with the IRS, but if the organization chooses to file a return, be 
sure to file a complete return. Some states require a complete return. 



L Gross receipts: Add lines 6b, 8b, 9b, and 10b to line 12 ► 



114,706,323 



D Employer identification number 
lainAaadan 



E Telephone number 
( 202 ) 682-8352 



F Accounting method Q Cash Accrual 
D Other (specify) ► 



H and I are not applicable to section 527 organizations. 
H(a) Is this a group return for affiliates? Q Yes No 

H(b) If "Yes," enter number of affiliates ► 

H(c) Are all affiliates included? □ Yes □ No 

(If "No," attach a list. See instructions ) 

H(d) Is this a separate return filed by an 

organization covered by a group ruling? Q Yes No 



Group Exemption Number ► 



N/A 



M Check ► if the organization is not required 
to attach Sen. B (Form 990, 990-EZ, or 990-PF). 



Revenue, Expenses, and Changes in Net Assets or Fund Balances (See the instructions.) 



1 

a 
b 
c 
d 

2 

3 

4 

5 

6a 
b 
c 

7 

8a 

b 

c 
d 
9 

a 

b 

c 

10a 

b 

c 

11 

12 



1a 



Contributions, gifts, grants, and similar amounts received: 

Direct public support 

Indirect public support 

Government contributions (grants) 

Total (add lines 1a through 1c) (cash $ noncash $ 



1b 



1c 



) 



Program service revenue including government fees and contracts (from Part VII, line 93) 

Membership dues and assessments 

Interest on savings and temporary cash investments 

Dividends and interest from securities 



Gross rents 

Less: rental expenses 

Net rental income or (loss) (subtract line 6b from line 6a) 
Other investment income (describe ► 



6a 



6b 



1,623,322 



1,996,206 



(A) Securities 



(780,093) 



(780,093) 



8a 



8b 



8c 



(B) Other 



Gross amount from sales of assets other 

than inventory 

Less: cost or other basis and sales expensi 
Gain or (loss) (attach schedule)5wn 

Net gain or (loss) (combine line 8c, columns (A) and (B)) 

Special events and activities (attach schedule). If any amount is from gaming, check here 

Gross revenue (not including $ of 

contributions reported on line 1a) 

Less: direct expenses other than fundraising expenses 



121 



106,296 



(106,175) 



► □ 



1d 



6c 



28,274,345 



83,292,246 



2,151,367 



(372,884) 



.^ 



8d 



9b 



Net income or (loss) from special events (subtract line 9b from line 9a) 



Gross sales of inventory, less returns and allowances 
Less: cost of goods sold 



10a 



10b 



Gross profit or (loss) from sales of inventory (attach schedule) (su btraot l i no 10b from l i n e 10 a ) 



Other revenue (from Part VII, line 103) 

Total revenue (add lines 1d, 2, 3, 4, 5, 6c, 7, 8d, 9c, 10c, anjj 1U 



13 Program services (from line 44, column (B)) . . . 

14 Management and general (from line 44, column (C)) 

15 Fundraising (from line 44, column (D)) 

16 Payments to affiliates (attach schedule) 

17 Total expenses (add lines 16 and 44, column (A)) . 



RECEIVED 



MAY 1 9 2006 



P6PEN;UT 



18 Excess or (deficit) for the year (subtract line 17 from line 12) 

19 Net assets or fund balances at beginning of year (from line 73, column (AW . . 

20 Other changes in net assets or fund balances (attach explanation) . . /DCJH . 

21 Net assets or fund balances at end of year (combine lines 18, 19, and 20) . . . 



9c 



10c 



(013 



<7i 



(71 



18 



19 



20 



21 



(886,268) 



145,015 



112,603,821 



104,826.090 



7,777,731 



3,929,249 



(666,589) 



11,040,391 



For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions. Cat. No 11282Y 



Form 990 (2005). 



Q. 



American Petroleum Institute 



13-0433430 



Form 990 (2005) 



Page 2 



Statement of 
Functional Expenses 



All organizations must complete column (A). Columns (B), (C), and p are required for section 501(c)(3) and (4) 
organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others. (See the instructions.) 



Do not include amounts reported on line 
6b, 8b, 9b, 10b, or 16 of Part 1. 


* 


(A) Total 


(B) Program 
services 


(C) Management 
and general 


(D) Fundraising 


22 Grants and allocations (attach schedule) . . 

(rash $ nnnMsh $ ) 
!f this amount includes foreign y rants, check here p- i_i 


22 






•- ;~ +\. <$: 


-;i .... i. 


23 Specrfic assistance to individuals (attach 


23 






24 Benefits paid to or for members (attach 
schedule) 


24 






25 Compensation of officers, directors, etc.-?urv * 


25 


2,415,928 








26 Other salaries and wages 


26 


22,279,061 








27 Pension plan contributions 


27 


5,324,909 










28 


3,258,794 








29 Payroll taxes 


29 


1,603,421 








30 Professional fundraising fees 


30 










31 Accounting fees 


31 


737,531 








32 Legal fees/ Cfcp^i "Wn 

33 Supplies /P±vXf 


32 


35,435,040 








33 


815,437 








34 Telephone 


34 


505,024 








35 Postage and shipping 


35 


274,340 








36 Occupancy 


36 


3,634,353 








37 Equipment rental and maintenance .... 


37 


67,452 








38 Printing and publications 


38 


323,365 








39 Travel 


39 


2,332,791 








40 Conferences, conventions, and meetings . . 


40 


2,633,603 








41 Interest 


41 










42 Depreciation, depletion, etc. (attach schedule) 


42 


754,799 








43 Other expenses not covered above (itemize): 
a Schedule H 


43a 


22,430,242 








b 


43b 










c 


43c 










d 


43d 










e 


43e 










f 


43f 










g 


43g 










44 Total functional expenses. Add lines 22 
through 43. (Organizations completing 
columns (B)-(D), carry these totals to lines 
13-15) 


44 


104,826,0901 









Joint Costs. Check ► □ if you are following SOP 98-2. 

Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services? . ► D Yes No 

If "Yes," enter (f) the aggregate amount of these joint costs $ __; (H) the amount allocated to Program services $ ; 

pit) the amount allocated to Management and general $ ; and fiv) the amount allocated to Fundraising $ 

Form 990 (2005) 



American Petroleum Institute 



13-0433430 



Form 990 (2005) 



Page 3 



Statement of Program Service Accomplishments (See the instructions.) 

Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a 
particular organization. How the public perceives an organization in such cases may be determined by the information presented 
on its return. Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's 
programs and accomplishments. 



What is the organization's primary exempt purpose? ► .Schedule J . 



All nrnonW^irtn" i 



; their exempt purpose achievements in a ciear ana concise manner. State the number 
of clients served, publications issued, etc. Discuss achievements that are not measurable. (Section 501(c)(3) and (4) 
organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others.) 



Program Service 

Fyiwicac 

(RequiredTor 5oT(cM3) and 

(4) orgs, and 4947(a)(1) 

trusts, but optional lor 

others) 



a Schedule K 



(Grants and allocations $ 



) If this amount includes foreign grants, check here ► D 



(Grants and allocations $ 



) If this amount includes foreign grants, check here ► □ 



(Grants and allocations $ 



) If this amount includes foreign grants, check here ► □ 



(Grants and allocations $ 



) If this amount includes foreign grants, check here ► □ 



e Other program services (attach schedule) 
(Grants and allocations $ 



) If this amount includes foreign grants, check here ► Q 



f Total of Program Service Expenses (should equal line 44, column (B), Program services) ► 



Form 990 (2005) 



American Petroleum Institute 



13-0433430 



Form 990 (2005) 



Page 4 



E 

r. 


SOT Balance Sheets (See the instructions.) 






lote: Where required, attached schedules and amounts within the description 
column should be for end-of-year amounts only. 


(A) 

Beginning of year 




(B) 

End of year 




45 Cash — non-interest-bearing 




45 






46 Savings and temporary cash investments 


22,136,178 


46 


31,432,360 




-w§ u n\/^wuiiM iov^ivuuic ....•■■ 

b Less: allowance for doubtful accounts . 

48a Pledges receivable 

b Less: allowance for doubtful accounts . 


47a 


3 K35 513 


2,618,979 


4 

47c 






47b 


387,216 


3,148,297 











48c 






48a 








48b 









49 Grants receivable 






49 






50 Receivables from officers, directors, trustees, and key employees 
(attach schedule) 


15,896 


50 




a 


51a Other notes and loans receivable (attach 

schedule) 

b Less: allowance for doubtful accounts . 


51a 







51c 




o 
en 


51b 







-3 


52 Inventories for sale or use 




84,809 


52 


24,388 




53 Prepaid expenses and deferred charges 


139,017 


53 


1,064,387 




54 Investments — securities (attach schedule) . . ► □ Cost FMV 


40,140,118 


54 


34,202,821 




55a Investments — land, buildings, and 

equipment: basis 

b Less: accumulated depreciation (attach 
schedule) 


55a 


5eJh.D-i 




1 

; 

55c 






55b 








56 Investments — other (attach schedule) . . 






56 






57a Land, buildings, and equipment: basis . 
b Less: accumulated depreciation (attach 
schedule) . IP"^"? • . <=1 


57a 


8,710,947 


1,444,182 


;; 
57c 






57b 


4,529,316 


4,181,631 




58 Other assets (describe ► Deferred. Pensjor 


i Costs \ 


925,704 


58 


817,013 




59 Total assets (must equal line 74). Add lines 45 through 58. . . . 


67,504,883 


59 


74,870,897 




61 Grants payable 


8,059,846 


60 


9,538,476 






61 






62 Deferred revenue 


24,866,475 


62 


22,426,605 


CO 
CD 

2 


63 Loans from officers, directors, trustees, and key employees (attach 




63 




J] 

CO 


64a Tax-exempt bond liabilities (attach schedule) 
b Mortgages and other notes payable (attach s 






64a 




_1 


chedule) 




64b 






65 Other liabilities (describe ► .Benefit Plan. Liabilities ) 

66 Total liabilities. Add lines 60 through 65 


30,649,313 


65 


31,865,425 




63,575,634 


66 


63,830,506 


CO 

« 


Organizations that follow SFAS 117, check here ► IZ) and complete lines 
67 through 69 and lines 73 and 74. 

67 Unrestricted 

68 Temporarily restricted 


3,929,249 


67 


11,040,391 


c 
cs 




68 




<s 


69 Permanently restricted 




69 




■o 
c 

3 

u. 
o 


Organizations that do not follow SFAS 117, check 

complete lines 70 through 74. 

70 Capital stock, trust principal, or current funds 

71 Paid-in or capital surplus, or land, building, a 


here ► IZ! and 




70 




s 


id eauiDment fund 




71 




CO 


72 Retained earnings, endowment, accumulated income, or other funds 

73 Total net assets or fund balances (add lines 67 through 69 or lines 
70 through 72; 

column (A) must equal line 19; column (B) must equal line 21) . . 




72 




3 

© 

z 


3,929,249 


73 


11,040,391 




74 Total liabilities and net assets/fund balances 


i.Add 


lines 66 and 73. 


67,504,883 


74 


74,870,897 



Form 990 (2005) 



American Petroleum Institute 



13-0433430 



Form 990 (2005) 



Part IV-A 



Page 5 



Reconciliation of Revenue per Audited Financial Statements With Revenue per Return (See the 
instrvctions.) 



a Total revenue, gains, and other support per audited financial statements 






a 


113,150,898 


b Amounts included on line a but not on Part 1, line 12: 
1 Net unrealized gains on investments 


b1 




.T 




2 Donated services and use of facilities 


b2 






3 Recoveries of prior year grants 


b3 






4 Other (specify)* Net Unrealized gain on Investment 


b4 


67,897 




Add lines b1 through b4 


b 


67,897 


c Subtract line b from line a 


c 


113,083,001 


d Amounts included on Part I, line 12, but not on line a: 
1 Investment expenses not included on Part I, line 6b 


d1 








2 Other (specify): Schedule.!. 


d2 


(479,180) 




Add lines d1 and d2 


d 


(479,180) 


e Total revenue (Part I, line 1 2). Add lines c and d 




► 


e 


112,603,821 



Part IV-B 



Reconciliation of Expenses per Audited Financial Statements With Expenses per Return 



a 
b 
1 

2 
3 

4 



c 
d 
1 

2 



Total expenses and losses per audited financial statements 
Amounts included on line a but not on Part I, line 17: 

Donated services and use of facilities 

Prior year adjustments reported on Part I, line 20 ... . 

Losses reported on Part I, line 20 

Other (specify): 

Schedule | 

Add lines b1 through b4 

Subtract line b from line a 

Amounts included on Part I, line 17, but not on line a: 
Investment expenses not included on Part I, line 6b . . . 
Other (specify): 



b1 



b2 



b3 



b4 



479,180 



d1 



d2 



Add lines d1 and d2 

Total expenses (Part I, line 17). Add lines c and d ► 



: 3 
-•J 



'* 



105,305,270 



479,180 



104,826,090 



104.826,090 



Current Officers, Directors, Trustees, and Key Employees (List each person who was an officer, director, trustee, 
or key employee at any time during the year even if they were not compensated.) (See the instrvctions.) 



(A) Name and address 


Title and average hours per 
week devoted to position 


(C) Compensation 

(If not paid, enter 

-0-.) 


(D) Contributions to employee 

benefit plans & deterred 

compensation plans 


(E) Expense account 
and other allowances 


Schedule E 




1,934,142 


481,786 










































































































































Form 990 (2005) 



American Petroleum Institute 



13-0433430 



Form 990 (2005) 



Current Officers, Directors, Trustees, and Key Employees (continued) 



Page 6 



75a Enter the total number of officers, directors, and trustees permitted to vote on organization business at board 
meetings ^ 81 

b Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated 
employees listed in Schedule A, Part I, or highest compensated professional and other independent 
contractors listed in Schedule A. Part ll-A or ll-B. related to each other through family or business 
relationships? If "Yes," attach a statement that identifies the individuals and explains the relationship® . . 

c Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated 
employees listed in Schedule A, Part I, or highest compensated professional and other independent 
contractors listed in Schedule A, Part ll-A or ll-B, receive compensation from any other organizations, whether 
tax exempt or taxable, that are related to this organization through common supervision or common control? 
Note. Related organizations include section 509(a)(3) supporting organizations. 

If "Yes," attach a statement that identifies the individuals, explains the relationship between this 
organization and the other organization®, and describes the compensation arrangements, 
including amounts paid to each individual by each related organization. 

Does the organization have a written conflict of interest policy? 



75b 



75c 



75d 



Yes 



/ 



No 



/ 



Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits (If any former 
officer, director, trustee, or key employee received compensation or other benefits (described below) during the year, list that 
person below and enter the amount of compensation or other benefits in the appropnate column. See the instructions.) 



(A) Name and address 


(B) Loans and Advances 


(C) Compensation 


(D) Contributions to employes 

benefit plans & defenred 

compensation plans 


(E) Expense 

account and other 

allowances 


N/A 














































































































































t&TiViM Other Information (See the instmctions.) 


Yes 


No 


76 Did the organization engage in any activity not previously reported to the IRS? If "Yes," attach a detailed 






■ 


description of each activity 


76 




/ 


77 Were any changes made in the organizing or governing documents but not reported to the IRS? 


77 




/ 


If "Yes," attach a conformed copy of the changes. 

78a Did the organization have unrelated business gross income of $1 ,000 or more during the year covered by 
this return? 










78a 


/ 






b If "Yes," has it filed a tax return on Form 990-T fc 
79 Was there a liquidation, dissolution, termination, o 


r this year? 


78b 


/ 




' substantial contraction riurinn the vear? If "Yes " attarh 










a statement 


79 




/ 


80a Is the organization related (other than by association with a statewide or nationwide organization) through 
common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt 
organization? 










80a 




/ 




b If "Yes," enter the name of the organization ► .N/A 










, 


ind Check Whether it s I I PXPmnt or I I nnnmemnt 




81a Enter direct and indirect political expenditures. (Se 
b Did the organization file Form 1120-POL for this y 


e line 81 instructions 
ear? 


) . . I81a| 










81b | 


/ 





Form 990 (2005) 



American Petroleum Institute 



13-0433430 



Form 990 (2005) 



Page 7 



Other Information (continued) 



Yes No 



82a Did the organization receive donated services or the use of materials, equipment, or facilities at no charge 
or at substantially less than fair rental value? 

b If "Yes," you may indicate the value of these items here. Do not include this 
amount as revenue in Part I or as an expense in Part II. 
(See instructions in Part III.) l82b| N/A 



85 



83a Did the organization comply with the public inspection requirements for returns and exemption applications? 
b Did the organization comply with the disclosure requirements relating to quid pro quo contributions? H/rt 

84a Did the organization solicit any contributions or gifts that were not tax deductible? 

b If "Yes," did the organization include with every solicitation an express statement that such contributions or 

gifts were not tax deductible? 

501(c)(4), (5), or (6) organizations, a Were substantially all dues nondeductible by members? 

Did the organization make only in-house lobbying expenditures of $2,000 or less? 

If "Yes" was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization 

received a waiver for proxy tax owed for the prior year. 

Dues, assessments, and similar amounts from members |85c| 83.292.246 

Section 162(e) lobbying and political expenditures 

Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices . . 

Taxable amount of lobbying and political expenditures (line 85d less 85e) 
g Does the organization elect to pay the section 6033(e) tax on the amount on line 85f? 

h If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f 
to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for Jhe 
following tax year? 

86 501(c)(7) orgs. Enter: a Initiation fees and capital contnbutions included on 



82a 



/ 



S3a 



/ 



83b 



84a 



84b 



85a 



c 
d 
e 
f 



85d 



85e 



85f 



7,881,018 



12,493,836 



(4,612,818) 



86a 



86b 



87a 



87b 



N/A 



N/A 



N/A 



N/A 



line 12 

b Gross receipts, included on line 12, for public use of club facilities 

87 501(c)(12) orgs. Enter: a Gross income from members or shareholders . . . 
b Gross income from other sources. (Do not net amounts due or paid to other 

sources against amounts due or received from them.) 

88 At any time during the year, did the organization own a 50% or greater interest in a taxable corporation' or 
partnership, or an entity disregarded as separate from the organization under Regulations sections 301 .7701 -2 
and 301.7701-3? If "Yes," complete Part IX 

89a 501(c)(3) organizations. Enter: Amount of tax imposed on the organization during the year under: 
section 4911 ► N/A ; section 4912 ► N/A. ; section 4955 ► 

b 501(c)(3) and 501(c)(4) orgs. Did the organization engage in any section 4958 excess benefit transaction 
during the year or did it become aware of an excess benefit transaction from a prior year? If "Yes," attach 
a statement explaining each transaction NJA. 

c Enter: Amount of tax imposed on the organization managers or disqualified persons during the year 
under sections 4912, 4955, and 4958 ► _ 

d Enter: Amount of tax on line 89c, above, reimbursed by the organization ► 

90a List the states with which a copy of this return is filed ► .District, of Columbia 

b Number of employees employed in the pay period that includes March 12, 2005 (See 



N/A 



85b 






w5 

2A. 



85g 



85h 



88 



89b 



"■>"-■'. 



/ 



/ 



/ 



/ 



-, 
J 



N/A 



N/A 



243 



instructions.) |90b| 

91 a The books are in care of ► .P/enda S. Hargett Telephone no. ► .( . 202 . J.682-8350 . 

Located at ► .1.220 L Street, NW, Washington DC ZIP + 4 ► 20005 



b At any time during the calendar year, did the organization have an interest in or a signature or other authority 
over a financial account in a foreign country (such as a bank account, securities account, or other financial 

account)? 

If "Yes," enter the name of the foreign country ► 

See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank 
and Financial Accounts. 

c At any time during the calendar year, did the organization maintain an office outside of the United States? 

If "Yes," enter the name of the foreign country ► 

92 Section 4947(a)(1) nonexempt chantable trusts filing Form 990 in lieu of Form 1041 — Check here . . . 
and enter the amount of tax-exempt interest received or accrued during the tax year . . . ► I 92 I 





Yes 


No 


91b 




/ 




- 




91c 




/ 



► D 

N/A 



Form 990 (2005) 



American Petroleum Institute 

Form 990 (2005) 



13-0433430 



I^CTSJ Analysis of Income-Producing Activities (See the instructions.) 



Page 8 



Note: Enter gross amounts unless otherwise 


Unrelated business income 


Excluded by section 512, 513, or 514 


(E) 


indicated. 
93 Program service revenue: 


(A) 

Business code 


(B) 

Amount 


(C) 

Exclusion code 


(D) 

Amount 


Related or 

exempt function 

income 


9 Schedule B 


541900 


2,757,335 






25,517,010 


b 












c 












d 












e 












f Medicare/Medicaid payments 












g Fees and contracts from government agencies 












94 ' Membership dues and assessments . . . 










83,292,246 


95 Interest on savings and temporary cash investments 






14 


1,371,274 




96 Dividends and interest from securities . . 












97 Net rental income or (loss) from real estate: 










.1 


a debt-financed property 












b not debt-financed property 






16 


(372,884) 




98 Net rental income or (loss) from personal property 












99 Other investment income 












1 00 Gain or (loss) from sales of assets other than inventory 






18 


(106,175) 




101 Net income or (loss) from special events . 












102 Gross profit or (loss) from sales of inventory 












103 Other mvpnufi: a Schedule C 










145,015 


b 












c 












d 












e 












104 Subtotal (add columns (B), (D), and (E)) 


J 2,757,335 




892,215 


108,954,271 



105 
Note: 



Total (add line 104, columns (B), (D), and (E)) , 



112,603,821 



Line 105 plus line 1d, Part I, should equal the amount on line 12, Part I. 



ISffTOTTl Relationship of Activities to the Accomplishment of Exempt Purposes (See the instructions~ 



Line No. 

T 



Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment 
of the organization's exempt purposes (other than by providing funds for such purposes). 



93,94 



Schedule L 



103a 



Information Regarding Taxable Subsidiaries and Disregarded Entities (See the instmctions.) 



(A) 

Name, address, and EIN of corporation, 
partnership, or disregarded entity 



Percentage of 
ownership interest 



(C) 

Nature of activities 



(D) 

Total income 



<9 

End-of-year 
assets 



N/A 



% 



Information Regarding Transfers Associated with Personal Benefit Contracts (See the instructions.) 

(a) Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? . D Yes IZl No 

(b) Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? □ Yes H No 
Note: If "Yes" to (b), file Form 8870 and Form 4720 (see instructions). 



Please 

Sign 

Here 



Under penalties of perjury, I declare that I hawe"examined this return, including accompanying schedules and statements, and to the best of my knowledge 
and belief, it is true, correct^^od complete Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge. 



^> V<P^<^ 



► 



Type or ojjnt name and title. y, ) 



Date 



B (or yours k — " ' ' I 



Paid 

Preparer's 
Use Only 



Preparer's 
signature 



Firm's name (or yours 
if self-employed), 
address, and ZIP * 4 



► 



Check if 
self- 
employed ► L_l 



1'AIJbAMUTKYON 



UWSANDCONSULrANTS 

805 15th STREET, N.W. SUITE 900 
WASHINGTON, DC 20005 



Preparer's SSN or PT1N (See Gen Inst. W) 



EIN 



Phone no ► I 



Form 990 (2005) 



American Petroleum Institute 

Federal ID #1 3-0433430 

Form 990 Part I, Line 8 

2005 

Description Date Sold Basis Sales Price Gain/(Loss) 



Obsolete Equipment 2005 106,296 121 (106.175) 

Realized Loses 2005 - (780,093) 

(886,268) 



Schedule A 



American Petroleum Institute 

Federal ID #13-0433430 

Part VII, Line 93a 

2005 



Unrelated business income program 

service revenue 2,757,335 

Subscriptions 869,624 

Sales of Publications 272,863 

Certification Programs Fees 15,334,608 

Gross Meeting Revenue 3,338,483 

Publication Sale Royalities 5,661 ,885 

Reimbursement from Affilates 39,547 



Related program service revenue 25,517,010 



Schedule B 



American Petroleum Institute 

Federal ID #13-0433430 

Part VII .Line 103 

Other Revenue 

2005 



Reimbursement of Expenses from Affiliates 

Reimbursement of Expenses from Energy-ISAC 18,000 

Other 127,015 



Total 145,015 



Schedule C 



American Petroleum Institute 

Federal ID #13-0433430 

Form 990 Part IV, Line 54 

2005 



Description 


Rate 


Maturity 


Cost 


Market Value 


American Express Cr. Corp. MTN 


1.260% 


9/19/2006 


1,703,099 


1,702,006 


Bank America Corp 


7.200% 


4/15/2006 


760,215 


693,175 


Morgan Stanley Dean Witter & Co 


6.100% 


4/15/2006 


540,710 


501 ,755 


Wells Fargo & Co. SUB NT 


6.875% 


4/1/2006 


1,537,563 


1,410,585 


Fed Home LN Bks Cons BD 


4.875% 


5/15/2007 


4,371,594 


4,205,250 


Federal Home LN BK 


3.750% 


8/15/2007 


6,550,345 


6,400,485 


Federal Home LN BKS 


3.375% 


9/14/2007 


3,006,414 


2,935,320 


Fedl Home LN BKS Preassign 


2.875% 


2/15/2007 


3,005,487 


2,938,140 


U.S. Treasury NTS 


4.500% 


11/15/2010 


10,031,250 


10,053,900 


U.S. Treasury NTS 


2.625% 


5/15/2008 


3,587,227 


3,362,205 






35,093,903 


34,202,821 



Schedule D-1 



Name 



Bryron M. Cavaney 



Michele Rinn 



Brenda S. Hargett 



Harry Ng 



James J. Mulva 



Bobby Shackouls 



James T. Hacketl 



John Hofmeister 



Title & Time Devoted 



President & Chief Executive Officer 40hrs7wkly 
100% 



American Petroluem Institute 

Federal ID #13-0433430 

PartV 

Officers Wages 

2005 Contribution to 

Average hours per week Employee Benefit Expenses & Other 

devoted to postlon Wages Plan Allowances 



OOrpOlctie ocCieuary cu iu i 

Corporate Services 
100% 



40hrs./wkly 



CFO and Group Director of Special 

Programs and Financial Operations 40hrs./wkly 

100% 



General Counsel and Director of 

Legal Services 

100% 

Chairman of the Board - Executive 

Committee 

(As needed) 



40hrs./wkly 



less than 1 hour per week 



Treasurer - Executive Committee less than 1 hour per week 

(As needed) 



Member - Executive Committee 
(As needed) 

Member - Executive Committee 
(As needed) 



Clarence P. Cazalot, Jr. Member - Executive Committee 
(As needed) 



J. Larry Nichols 
David J. O'Reily 
Ross J. Pillan 
Lee R. Raymond 
Claiborne P. Deming 



Member - Executive Committee 
(As needed) 

Chairman of the Board 
(As needed) 

Member - Executive Committee 
(As needed) 

Member - Executive Committee 
(As needed) 



Member - Executive Committee 

(As needed) 

Totals 
All of the above may be contacted in care of the 
American Petroleum Institute 
1220 L Street, N.W. 
Washington. DC 20005 



less than 1 hour per week 
less than 1 hour per week 
less than 1 hour per week 
less than 1 hour per week 
less than 1 hour per week 
less than 1 hour per week 
less than 1 hour per week 
less than 1 hour per week 



1.216,430 



197,600 



276,997 



243,116 



1,934,142 



371,936 



26.457 



56,288 



27,105 



481,786 



Schedule E 



American Petroleum Institute 

Federal ID #13-0433430 

Part I, Line 20 

Other changes in net assets or fund balances 

2005 



Change in minimum pension liability (734,485) 
Unrealized Gain (Loss) on Investment 67,897 
Adjustment (1) 



(666,589) 



Schedule F 



American Petroleum Institute 

Federal ID #13-0433430 

Part II, Line 42 

Depreciation 

2005 

Depr. 
Acquisition Year Asset Cost Depr. Rate Expense 

Furniture & Equipment 



Computers 



"2005 


860,509 


0.00% 


- 


2005 


31,461 


10.00% 


3,146 


2004 


1 1 1 ,874 


10.00% 


11,187 


2003 


84,534 


10.00% 


8,453 


2002 


127,041 


10.00% 


12,704 


2001 


214,651 


10.00% 


21,465 


2000 


174,446 


10.00% 


17,445 


1999 


121,294 


10.00% 


12,129 


1998 


329,078 


10.00% 


32,908 


1997 


350,884 


10.00% 


35,088 


1996 


196,563 


10.00% 


19,656 


1995 & Prior 


330,776 
2,933,111 




- 






174,183 


"2005 


31,961 


0% 


. 


2005 


573,163 


33% 


191,054 


2004 


197,420 


33% 


65,806 


2003 


267,116 


33% 


89,039 


2002 


317,612 


0% 


- 


2001 


464,461 


0% 


- 


2000 & prior 


56,895 
1 ,908,628 










345,899 




796,101 




48,108 



Internal Use Software 



Leasehold Improvements 3,073,107 186,609 



Total 8,710,947 754,799 

Accum. Depreciation (4,529,316) 



4,181,631 



Furniture and equipment are stated at cost and are depreciated on the straight-line basis over 
ten years. Leasehold improvements are stated at cost and re amortized over the lesser of the 
remaining term of the related leases ore the estimated remaining services lives of the assets. 
Internal use software and computers are stated at cost and amortized on the straight-line basis 
over three years. 

/Equipment and Computers that were purchased in 2005 but will be used in 2006. 



Schedule G 







American Petroleum Institute 
Federal ID #13-0433430 






Part II 








Other Expenses 






2005 




Description 




Amount 


Studies, Analysis & Research* 






19,326,241 


Pension Expense 






731,906 


Postretirement Benefit Cost 






1,500,258 


Software maintenance and license fees 




326,035 


Contributions 






128,197 


Insurance and property tax 






417,605 


Bad Debt 


compri 




- 






22,430,242 


* Studies, Analysis & Research is 


sed of the following expenses: 


Laboratory Research 






13,058,312 


Coalition Memberships & Grants 






6,267,929 
19,326,241 



Schedule H 



American Petroleum Institute 

Federal ID #13-0433430 

Part IV-A Line d (2) and Part IV-B Line b (4) 

2005 



Net sublease loss (372,884) 

Loss on disposal of Fixed assets (1 08,238} 



Part IV-A Line d (2) (479,1 80) 



Part IV-B Line b (4) 479,1 80 



Schedule I 



American Petroleum Institute 13-0433430 Schedule J 



API MISSION STATEMENT 



The mission of the American Petroleum Institute (API) is to 
influence public policy in support of a strong, viable U.S. oil 
and natural gas industry essential to meet the energy needs 
of consumers in an efficient, environmentally responsible 
manner. 

As the U.S. oil and natural gas industry's primary trade 
association, API: 

■ Engages in federal and state legislative and 
regulatory advocacy that is based on scientific 
research; technical, legal and economic analysis; 
and public issues communication; 

■ Provides an industry forum to develop consensus 
policies and collective action on issues impacting its 
members; and 

■ Works collaboratively with all industry oil and gas 
associations, and other organizations, to enhance 
industry unity and effectiveness in its advocacy. 

API also provides the opportunity for standards 
development, technical cooperation and other activities to 
improve the industry's competitiveness through sponsorship 
of self-supporting programs. 

June 1999 



American Petroleum Institute 13-0433430 Schedule K 



Advocacy 

API speaks for the petroleum industry before Congress, the executive branch of 
government, state legislatures, and the news media. It negotiates with regulatory 
agencies, represents the industry in court and participates in coalitions- building the 
grassroots support that prods Congress, the White House and state legislators to act. 
And it strives to enhance credibility on the environmental, health and safety issues that 
are central to the public's perception of the industry and its products. 

Information 

API is the source for information about the petroleum industry. It undertakes the 
scientific and economic analysis that is the foundation for the industry's stance on the 
current issues . It collects and compiles statistics. And it is without peer in finding and 
providing industry-specific information for people who need it. 

Industry Operations 

API has set standards for the U.S. petroleum industry since its founding in 1919. In the 
global marketplace, these same standards are becoming international standards, and 
API's involvement in international events and organization is growing. More than 500 
API standards are now used throughout the world. Many of these standards are now a 
part of both federal and state regulations. 

Maintaining quality 

The increasingly international nature of the petroleum business is evident in API's 
approach to certifying that products meet the industry's exacting standards of quality. 
Since 1924, API has licensed oilfield equipment manufacturers to use the API 
monogram, recognized as a mark of quality around the world. API licenses motor oils 
for use in both gasoline and diesel engines. API also certifies inspectors of storage 
tanks, pressure vessels, and piping. 

Education 

API organizes seminars, workshops and symposia on issues vital to the industry's 
livelihood. It provides training materials that help professionals in the oil and gas 
business meet regulatory requirements and industry standards. 



American Petroleum Institute 13-0433430 Schedule L 



API is the U.S. oil and natural gas industry's primary trade association. API influences 
public policy in support of a strong, viable U.S. oil and natural gas industry essential to 
meet the energy needs of consumers in a efficient, environmentally responsible manner. 
Subscriptions, publication sales, certification programs and other related revenues result 
from API's operations in advancement of its exempt purpose, as stated above.